Artificial intelligence (AI) is poised to disrupt lives, businesses, whole economies and even the international geopolitical order. As such, it has never been more important to have a clear understanding of what AI is and the ramifications of its mass adoption, particularly in the financial services sector. However, the inherent complexity of the topic is often intimidating to non-specialists, and the absence of broad-based dialogue on the topic of AI is hindering business decision-making related to its application.
What exactly is AI; how is it being used in financial services; what is at stake; who are the major players; and what lies over the horizon?
In Part 1, we will explore all these questions and more. By delving into the detail behind the hype, readers will gain a firm understanding of the different type of technologies that fall under the more general, and somewhat opaque, “AI” heading. We will have the opportunity to look at how nation states are jostling for position and international competitive advantage relative to their peers through their national AI strategies and action plans. We will also have a chance to learn about tried-and-tested recommendations for successfully embedding AI into the daily operations of financial services firms, while avoiding the myriad pitfalls that still unfortunately get in the way of firms reaping the full ...
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